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MGT302 Week 5 Final Exam 2020

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Week 5 - Final Exam Points 50 Questions 50 Time Limit 720 Minutes Instructions Final Exam [WLO: 3] [CLOs: 1, 2, 3, 4, 5] Complete the exam, which will take approximately two hours but you have 12 hours available. This exam will be open-book. The exam consists of multiple-choice and true or false questions and is worth 20% of your course grade. Click on the Take the Quiz button when you are ready to start this exam. When finished, click on Submit Quiz. Question 1 1 / 1 pts A project’s completion time variance is calculated by? Correct! Summing the variances of the critical path activities Multiplying the variances of all of the project activities Summing the variances of all of the project activities Multiplying the variances of the critical path activities Question 2 1 / 1 pts Forecasting demand and translating that forecast into desired levels of purchasing, production, and distribution activities is part of which of the eight key supply chain processes? Correct! Demand management Customer service management Customer relationship management Manufacturing flow management Question 3 1 / 1 pts A firm releases a new product that is unexpectedly very popular. It is likely that the firm will have to rely on which type of inventory function? Transportation Cycle Hedge Correct! Safety stocks Question 4 1 / 1 pts The set of task descriptions for a project is known as a(n)? Bill of materials You Answered Task listing Activity diagram Work breakdown structure Question 5 1 / 1 pts Activities on the critical path have slack times of? You Answered Cannot be determined from the information given 0 >1 1 Question 6 1 / 1 pts The ISO standard associated with quality management is? Correct! ISO 9000 ISO 12000 ISO 14000 ISO 10000 Question 7 1 / 1 pts All of the following are terms for material flow mapping except? Value stream mapping Process flowcharting Correct! Process value mapping Process mapping Question 8 1 / 1 pts The purchasing cycle is often broken down into a process with how many steps? 4 Correct! 6 2 1 Question 9 1 / 1 pts Critical activities primarily govern what aspect of a project? Project resource availability Project start time Project budget Correct! Project completion time Question 10 1 / 1 pts A company that manages its customer base in order to satisfy the customer and ensure that they continue to purchase goods and services is using which of the eight key supply chain processes? Order fulfillment Returns management Demand management Correct! Customer relationship management Question 11 1 / 1 pts Processes turn _________ into ________. components, raw materials outputs, inputs inputs, outputs You Answered returned product, refurbished product Question 12 1 / 1 pts In the t = (a + 4m + b)/6 calculation for expected activity completion time, the a refers to? Most likely completion time Optimistic completion time Pessimistic completion time You Answered Activity completion time variance Question 13 1 / 1 pts Project management is primarily concerned

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